Together with a couple of my peers, I’ve been taking a look at BP’s “sustainability”, both from a business point of view and from a Climate Change point of view.
We’ve just given a presentation, of which I offer you a couple of the slides and the script to accompany them.
The central point of issue is : what will BP do after the Gas and Oil are gone ? There may be decades of reasonable hydrocarbons left to exploit, but how will Pension Funds get their return on investment after that ? Where is the future thinking ?
And what about Climate Change ? Retreating from Alternative Energy back into its core business of Oil and Gas means that BP plc will not be able to make substantial cuts in the Greenhouse Gas Emissions of the products that they sell – which means that sooner or later, when Carbon Energy is rationed, their business will start to implode.